Global Economic Crisis: Should I be afraid?

Robspierre · Post by **Robspierre** » 05 Oct 2008 12:40

Goood one Freak!

Rob

orald · Post by **orald** » 05 Oct 2008 14:40

Wow, talking about stupidly and provocatively taking things out of context.

Baaad one, Freak.

*I did love the famine one, because you know God just commanded them to eat kids and crap, it not being an indication of how bad the condition became*

Post by **Freakzilla** » 05 Oct 2008 14:42

orald wrote:Wow, talking about stupidly and provocatively taking things out of context.

Baaad one, Freak.

What's out of context?

orald · Post by **orald** » 05 Oct 2008 14:49

Ah shit, it's on another thread.

Drunken Idaho · Post by **Drunken Idaho** » 05 Oct 2008 21:00

Freakzilla wrote:http://www.youtube.com/watch?v=CHYU3u0pPOM

HILARIOUS!

"Being fair-skinned, I may not look like a rapist, but have you seen our profits this year?"

Soooo true (not the fair-skinned part)... Everyone is getting totally ass-raped by the hyper-capitalist corporations.

Anathema · Post by **Anathema** » 10 Oct 2008 10:13

http://www.thedailymash.co.uk/news/war/ ... 810101314/

loremaster · Post by **loremaster** » 10 Oct 2008 10:57

it does rather annoy me in england when they say "another 300million wiped off the housing market".

Which is only true on paper?

It's not like they selected 100,000 houses and flattened them.

Every house that was here last week is here this week.

economics often only makes sense in the context of economics. It's the whole basis of fiat currency, i believe.

P.s. - why did gold ever become the gold standard? This is one thing ive never understood.

In the thousands of years of our history, gold has only come into physcial and chemical usage for anything productive in the last 100 years.
Other than that its uses are purely visual and ceremonial.

3000 years ago i can understand bronze being the standard, i can make tools or weapons with it. £1 of bronze wil buy a rake which will last for 20 years. The bronze can be equated to any of the products or services it helps achieve.

The same for iron after that, MILLIONS of practical uses.

Gold? Aside from its sheen and its appeal for jewellery, and the slightly amusing fact that its about the only "real" metal which we find raw in nature, not as an ore. It's useless.

Even now it only has limited use in electronics, and jewellery.

I never understand that, gold is only worth what other people think it is worth? Iron is blatantly worth whatever you can make/plow/harvest/kill with it.

Post by **Freakzilla** » 10 Oct 2008 11:08

I think salt was used for a long time before gold.

You'll die without salt, gold, not so much.

DuneFishUK · Post by **DuneFishUK** » 10 Oct 2008 12:55

I think gold is valuable because it doesn't corrode - it stays bright.

Freakzilla wrote:I think salt was used for a long time before gold.

You'll die without salt, gold, not so much.

Surely pepper is more valuable than salt? - there's an old tower near me that had a 500 year lease with a rent of a peppercorn a year.

Those were the days ...

Robspierre · Post by **Robspierre** » 10 Oct 2008 15:38

At one point pepper was so valuable it had its own gold standard.

Rob

Nebiros · Post by **Nebiros** » 17 Aug 2009 06:03

The world economy seems to be recovering.

In the United states the percentage of unemployment went down half a percent and the stock market has been stable for a while. The housing crisis seems to be coming to an end also. Some companies are reporting large profits. Not sure about the auto industry though.

Japan, the world's second largest economy is now out of recession.

Good news in most areas.

trang · Post by **trang** » 17 Aug 2009 06:41

Eye of the storm friends.. be warned, be wary, be prepared.

Serkanner · Post by **Serkanner** » 17 Aug 2009 07:35

Nebiros wrote:The world economy seems to be recovering.

In the United states the percentage of unemployment went down half a percent and the stock market has been stable for a while. The housing crisis seems to be coming to an end also. Some companies are reporting large profits. Not sure about the auto industry though.

Japan, the world's second largest economy is now out of recession.

Good news in most areas.

The fat lady hasn't sung yet.

A Thing of Eternity · Post by **A Thing of Eternity** » 17 Aug 2009 11:32

We're heavily on the upswing here, looking very good.

Always hard to tell when our dollar goes up whether is has anything to do with our economy, or whether the US dollar just tanked more though...

Eyes High · Post by **Eyes High** » 17 Aug 2009 15:35

How well can we trust news from a country that control their news so much. (or am I thinking of China?)

Still, I know things have got to get better, but I don't trust the "experts."

A Thing of Eternity · Post by **A Thing of Eternity** » 17 Aug 2009 15:48

Eyes High wrote:How well can we trust news from a country that control their news so much. (or am I thinking of China?)
Still, I know things have got to get better, but I don't trust the "experts."

Not at all is how much you can trust their news!
On the bright side, even if the experts are lying about the economy that will make people more confident, which will in turn improve the economy!

J A C U R U T U

Global Economic Crisis: Should I be afraid?

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